"Rolled up" clothing listed companies have poured into the venture capital circle! Bangladesh port congestion...

Selling 6 billion a year, domestic ZARA will be listed

URBAN REVIVO (REFERRED TO AS "UR"), A DOMESTIC FAST FASHION BRAND, IS KNOWN AS "CHINA'S VERSION OF ZARA" BECAUSE OF ITS RAPIDLY RISING PERFORMANCE AND UNIQUE FASHION POSITIONING. It is reported that UR's annual sales have reached an astonishing 6 billion yuan, showing strong market competitiveness. Recently, the brand has been rumored to be on the verge of going public, and plans to raise at least US$100 million in Hong Kong to further promote its business development and market expansion.

The secret of UR's success lies in its agile supply chain management and keen insight into fashion trends. The brand has always kept up with international fashion trends, while taking into account the unique needs of Asian consumers, launching a range of products that are both fashionable and functional. However, with the ever-changing market and the increasing diversity of consumer needs, UR also faces many challenges. The IPO will undoubtedly inject new vitality into UR and help it continue to maintain its leading position in the highly competitive market.

Bangladesh ports are congested and containers are piling up

In the past week, student protests in Bangladesh have sparked ripple effects, with highway blockages, curfews and internet restrictions putting the Chittagong port in trouble. Nearly 40,000 containers are piled up at the port, and there is a serious backlog of imported goods. According to port regulations, container detention for more than four days will incur high demurrage charges, further exacerbating the burden on enterprises, especially in the context of the economic damage caused by the epidemic.

Bangladesh's two major chambers of commerce and industry have urgently appealed to the government to waive demurrage charges and proposed to suspend new fees during the initial resumption of operations. India's Deputy Minister of Shipping said the government is actively considering the request or extending the storage fee waiver during the pandemic.

However, the current situation of Chittagong Port is worrying, with the accumulation of containers far exceeding the congestion warning line of 60%, occupying about 80% of the yard space, seriously affecting the operation of the port. Despite the gradual resumption of internet services, the Port Authority's daily processing capacity is still limited to about 3,500 TEUs, well below normal levels. Enterprises are facing double pressures, and it is urgent for the government to take effective measures to solve the urgent needs.

Made from 100% textile waste, the Leica fibre was unveiled at the Paris Olympics

On the occasion of the Paris Olympics, The LYCRA Company announced that its COOLMAX EcoMade fiber, made from 100% textile waste, is a key ingredient in the indoor and beach jerseys of the Brazil volleyball team at the Paris 2024 Summer Olympics.

COOLMAX EcoMade fibers transfer moisture from the body to the surface of the fabric, where it evaporates. This helps athletes stay cool, dry, and comfortable so that they can focus on the game. This is one of many innovative branded fibers produced by The LYCRA Company to help optimize athletic performance. This technology converts pre-consumer textile waste from apparel manufacturers into fibers, providing performance comparable to virgin polyester.

Clothing listed companies "volume" to the venture capital circle

At present, a number of leading companies in China's apparel industry, such as Semir Apparel, Heilan House, Youngor, Seven Wolves, etc., have crossed over into the venture capital circle and achieved diversified development by investing in VC/PE projects. Semir Apparel not only invests in fintech unicorn Lingxi Technology, but also participates in fund investments in multiple industries through its investment companies, showing a strong interest in emerging fields. Heilan Home participates in a number of industrial funds through its wholly-owned subsidiaries, covering large consumption, integrated circuits, biomedicine and other fields, and accelerates industrial upgrading with capital as a link. As an evergreen tree in the investment community, YOUNGOR has a long-term layout in finance, real estate and other fields, and strategically holds shares in Bank of Ningbo and other enterprises. Seven Wolves set foot in the investment circle early, set up a number of investment subsidiaries, with a cumulative investment amount of more than 5 billion yuan, and actively built a fashion consumption ecosystem.

The cross-border investment behavior of these garment companies not only brings new profit growth points to them, but also promotes the deep integration of capital and industry, showing the new trend of the garment industry in the transformation and upgrading.

Bet on the bio-based nylon industry chain to form this new alliance

The nylon industry chain has recently established the "Bio-based Nylon Textile Industry Alliance", which is led by Heilongjiang Yipin New Materials Co., Ltd. and brings together leading enterprises in the upstream and downstream of the industrial chain, including Fujian Yongrong Jinjiang, Guangdong textile import and export and other well-known enterprises. The alliance aims to promote the R&D and application of bio-based nylon materials, strengthen technological innovation, deepen resource sharing, and expand domestic and foreign markets. This initiative is expected to promote the rapid development of the bio-based nylon industry in mainland China, enhance the core competitiveness of the industry, and meet the market demand for environmentally friendly and high-performance textile materials. The members of the alliance will work together to create a new chapter in the bio-based nylon textile industry.

The Fortune China 500 list is unveiled! 14 textile enterprises were selected

On July 25, Fortune Chinese grandly released the 2024 Fortune China 500 list, and 14 textile companies were on the list.

Among them, Hengli Group Co., Ltd. ranked 26th with a revenue of US$114,664.5 million; Zhejiang Rongsheng Holding Group Co., Ltd. ranked 37th with revenue of US$86,535.6 million; Shenghong Holding Group Co., Ltd. had a revenue of US$74,700.8 million, ranking 49th; Weiqiao Venture Group ranked 51st on the list with an operating income of 73,484.4 million US dollars; Zhejiang Hengyi Group Co., Ltd. ranked 65th with revenue of US$57,468.0 million; Jiangsu Soho Holding Group Co., Ltd. ranked 196th with revenue of US$15,915.3 million; Tongkun Group Co., Ltd. had revenue of US$11,673.6 million, ranking 233rd; Anta Sports Goods Group Co., Ltd. ranked 288th with revenue of US$8808.3 million; Xinfengming Group Co., Ltd. ranked 290th with revenue of US$8683.0 million; Huafon Group Co., Ltd. ranked 316th with revenue of US$7669.3 million; Xinjiang Zhongtai Chemical Co., Ltd. ranked 394th with revenue of US$5243.3 million; Oriental International Venture Co., Ltd. ranked 420th with revenue of US$4752.9 million; Inner Mongolia Ordos Resources Co., Ltd. ranked 453rd with revenue of US$4316.0 million; and Li Ning Co., Ltd. had revenue of 3898.5 million dollars, ranking 480th.

The listing is empty in seconds, and "Made in China" is sold out of stock in Paris

During the Paris Olympic Games, visitors from all over the world will not only watch the games, but also buy their favorite Olympic souvenirs in the Olympic Shop.

It is reported that many of the flagship stores of the official licensed goods of the Olympic Games on the Champs-Elysées in Paris are made in China, and they were swept away as soon as they were listed. Relevant personnel said that the white T-shirt and pink and blue Eiffel Tower with the logo of the Paris Olympics are now out of stock, and many are selling well.

Edit | Huarui Information New Media Team

For more information, pay attention to Huarui Information "Link"